ARTICLES ABOUT JAWAHARLAL NEHRU PORT BY DATE - PAGE 2

NEW DELHI: As part of its expansion plans, Jawaharlal Nehru Port Trust will invest Rs 2,000 crore to set up a marine terminal mainly catering to liquid cargoes like oil, acids and cleaning compounds. The port in a presentation to the ministry said it will develop a marine terminal for liquid cargoes. At present, there is a twin berth liquid cargo terminal of BPCL and IOC with a capacity of 5.5 million tonnes per annum, at JNPT. It will enhance this quantity to 30 million tonnes per annum.

MUMBAI: Union government-controlled Jawaharlal Nehru Port Trust (JNPT) will compensate Dubai Ports World if the private container operator faces trouble while operating a new container terminal at the port's facility in Mumbai. The compensation could either be in the form providing another location to set up the facility or could even be a financial one, according to officials at the port. The move is currently being discussed by the Ministry of Shipping and Jawaharlal Nehru Port Trust.

Jawaharlal Nehru Port Trust( JNPT ) is offering tax-free secured redeemable non convertible aggregating up to Rs 500 crore, with an option to retain oversubscription up to Rs 1,500 crore such that the overall Issue size does not exceed Rs. 2,000 crore in the fiscal year 2013. The issue is AAA rated by Crisil and Brickworks. Investors can choose to apply in demat as well as physical form. The face value of each bond is Rs 1,000 and one can make an investment for a minimum of five bonds and in multiples of one bond thereafter.

MUMBAI: Jawaharlal Nehru Port Trust (JNPT) has approached markets regulator Sebi to raise bonds worth Rs 2,000 crore to fund its dredging plans. Earlier last week, Ennore Port had also approached Sebi to raise bonds worth Rs 1,000 crore to fund its expansion plans. JNPT, which handled more than 55 per cent of the country's containerised cargo last year, will use the proceeds to fund the dredging of the Mumbai harbour channel in a bid to allow large vessels to enter the port.

Cargo traffic at ports in the country grew by 1.8% during April-September period largely due to a 3.3% decline in cargo at major ports in the country, according to the Economic Survey 2012-13, tabled in the parliament on Wednesday. Non Major ports meanwhile grew at more than 10% during the period, inviting criticism from experts regarding the government's handling of major ports in the country. Ennore Port, country's lone corporate port recorded the highest growth in cargo during the April-September period while Kolkata Port saw the highest decline in cargo.

Cargo traffic at ports in the country grew by 1.8% during April-September period largely due to a 3.3% decline in cargo at major ports in the country, according to the Economic Survey 2012-13, tabled in the parliament on Wednesday. Non Major ports meanwhile grew at more than 10% during the period, inviting criticism from experts regarding the government's handling of major ports in the country. Ennore Port, country's lone corporate port recorded the highest growth in cargo during the April-September period while Kolkata Port saw the highest decline in cargo.

MUMBAI: Jawaharlal Nehru Port Trust (JNPT) has decided not to press with its demand for a realignment of the ambitious Rs 9,360-crore Mumbai Trans Harbour Link, a development that may hurt its own expansion plans. The nation's largest container port will be issuing an NOC to the Maharashtra government to go ahead with the much- delayed Harbour Link with the planned alignment, Deora said today. "We feel the project is important for Mumbai. It is important not just for the people, but also for trade to connect Mumbai with the hinterland," he added.

MUMBAI: Cargo volumes at India's dozen state-owned major ports fell by more than 2.8% between April and November as global trade slowed and increasing number of private minor terminals ate into the market. The 12 ports handled a combined 359.9 million tonne of cargo as against 370.6 MT handled in the year-ago period, data released by the Indian Port Association (IPA) showed. These ports are located at Kolkata, Paradip, Visakhapatnam, Ennore, Chennai, Tuticorin, Cochin, New Mangalore, Mormugao, Kandla, Mumbai and Jawaharlal Nehru Port (JNPT)

DUBAI: Jawaharlal Nehru Port Trust (JNPT) has awarded 330-metre terminal project to Dubai Ports World (DPW). JNPT Chairman L Radhakrishnan presented the formal Letter of Award for the container project to DP World Chairman Sultan Ahmad bin Sulayem at a ceremony held on Tuesday. Once constructed, the new terminal will add 800,000 TEUs (twenty foot equivalent container units) of container capacity to the port and help ease congestion, as the port is currently operating beyond capacity.

New Delhi: Newly appointed junior shipping minister Milind Deora today said his top most priority, along with inviting private participation in the sector, would be to utilise the country's massive coastline by creating economic opportunities. "Sea is an untapped resource, specially from recreation point of view and my priority will be to utilise our massive coastline, in terms of employment and investment opportunities in the sector," Deora told reporters after taking charge as Minister of State for Shipping . Deora, the Minister of State for Telecom and IT, has been given the additional portfolio of the Shipping Ministry . "We aim to use the coastline in a way that allows economic opportunities," he said adding that he is greatful to his leadership for bestowing him with this responsibility.